Long-term-care specialist network Symponia is expanding its business to cover all areas of financial planning for people aged 65 and over.The network is aiming to become the leading financial advice group in the UK for elderly people and will offer advice on areas such as equity release and inheritance tax planning. Symponia was initially established as a care fee planning organisation and has 60 members at present who all hold the CF8 qualification. The company says the new move is a logical progression in its development. Joint founder and managing director Janet Davies says: “Financial needs change over time. The requirements of a 20-year-old are significantly different to those of people who are approaching retirement. The wishes and objectives of older people, who may or may not be healthy, are quite specific and demand an extra level of knowledge and care.” Sesame product manager Phil Hull says: “Provided the advisers have been properly trained to advise on these areas then I welcome the move. I genuinely believe long-term care advice should be an essential part of overall post-retirement planning.”
The Midland Bank was once regarded as the Listening Bank but today it can be applied more deservingly to HBOS which is winning graciously and seems unencumbered by arrogance, vanity or complacency.
The FSA has publicly censured GD Tancred Financial Services for not clearly explaining and documenting the risks of income withdrawal to customers with small pension pots. GDT is writing to all income withdrawal customers to make them aware of the risks.
Some firms selling payment protection insurance are still failing to treat their customers fairly, according to the latest FSA review.
In response to the letter by Michael Brayne of Brayne & Co in Money Marketing last week, Which? would like to put the record straight about how we conduct our research when mystery shopping financial advice. The research is designed to test the quality of financial advice available across the market. Therefore, it is essential […]
This year looks set to bring a new danger for pension savers and their employers.
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